We have the pre-tax medical dedection signup available each fall.
A couple of years back, we projected enough to cover our son's braces,
and we scrambled at the end of year to squeeze every dollar out of the
account.
This year, we didn't foresee any major expenses, so we cut back.
Well, yup - I needed to have a crown replaced on a tooth.
Our dental coverage was 80% with the remaining 20% out of pocket.
If we submit the 20%, it pretty much covers the entire years worth of flex
spending.
SO - not really thinking this thru yet -
is it better to deduct more (not taxed), even if you will not spend it and
will loose it at end of year,
or deduct less, and have the remaining come out of pocket (taxed) - but
not
enough for a Sched A deduction.
--
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"If everything seems to be going well,
you have obviously overlooked something." - Steven Wright
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